I like the idea of Werribee but I'm afraid I already hold one property in Vic that sits at around $320k, and if I invest there again my land tax might get a little high? So I'm looking for potential growth towns to research.
I've been looking at Tassie for a month or so but haven't found anything great yet. Put in a few offers that were rejected.. And was about to sign a contract on a nice near new 3 bedder in Moonah that I was told rents really well by the agent, but other PM's told me otherwise so didn't go ahead with that one.
I also looked at Orange as its a supposive "boom town".
But I soon found that to be quite speculative as the agent called me back within minutes (never a good sign in my experience) and was honest with me saying that there are a lot of sharks out that way and he sees Orange as speculative and has many problems such as water may run out next year, He told me to be very cautious so I was thankful I came across that advice first up.
I'm stumped at where to look next? I'm really searching for a decent rental yield and my main priority lies with capital growth. I'm still searching every day but to no avail as yet. Can anyone possibly offer a suggestion or two? I'm specifically looking for a house, possibly with granny flat or something different, not too keen on more units as STRATA fees really eat cash-flow. But I'm still open to the idea if rents make up for this.
I've been looking at Tassie for a month or so but haven't found anything great yet. Put in a few offers that were rejected.. And was about to sign a contract on a nice near new 3 bedder in Moonah that I was told rents really well by the agent, but other PM's told me otherwise so didn't go ahead with that one.
I also looked at Orange as its a supposive "boom town".
But I soon found that to be quite speculative as the agent called me back within minutes (never a good sign in my experience) and was honest with me saying that there are a lot of sharks out that way and he sees Orange as speculative and has many problems such as water may run out next year, He told me to be very cautious so I was thankful I came across that advice first up.
I'm stumped at where to look next? I'm really searching for a decent rental yield and my main priority lies with capital growth. I'm still searching every day but to no avail as yet. Can anyone possibly offer a suggestion or two? I'm specifically looking for a house, possibly with granny flat or something different, not too keen on more units as STRATA fees really eat cash-flow. But I'm still open to the idea if rents make up for this.